Merlin Chain Mainnet Launch February 2024 event
Overview
Merlin Chain, a Bitcoin layer-2 network, launched its mainnet in February 2024 following a five-day 'Merlin's Seal' fair-launch staking event held 5–10 February 2024. The chain grew rapidly, reporting multi-billion-dollar TVL within its first months and positioning itself as the largest Bitcoin layer 2 by TVL during 2024, with a large share of value in Bitcoin-native assets. Its native token, MERL, launched on 19 April 2024 with a total supply of 2.1 billion.
Relations
No connections recorded for this entity in the DeFi Intel knowledge graph yet.
Frequently asked questions
When did Merlin Chain mainnet launch?
February 2024, immediately following the Merlin's Seal fair-launch event that ran from 5 to 10 February 2024.
What is Merlin Chain?
A Bitcoin layer-2 network focused on hosting Bitcoin-native assets and DeFi applications, which grew to be among the largest Bitcoin L2s by total value locked in 2024.
When did the MERL token launch?
Merlin Chain announced the launch of its native MERL token on 19 April 2024, with a total supply of 2.1 billion tokens.
Sources
Facts on this page were verified against the following sources.